It turns out that OUFX has had dozens of panicked Forex traders calling, emailing and getting upset, exclaiming that they wanted to get a copy of Forex Mastery, but they were out of town, needed some more information, or what have you.

So due to popular demand the Forex Mastery team will be hosting one last Forex Mastery webinar for those who due to work commitments or for what ever reason weren’t able to attend Thursday’s webinar.

And the BIG NEWS

Up to 10 Forex Mastery Scholarships are Up For Grabs!

They’re going to hold another webinar tomorrow, Saturday, November 21, at 12 Noon EST.

Signup here for the Saturday LIVE Trading Webinar

And they’ve decided to make things even more interesting…

Now every now and then you’ll hear of a Forex product or scholarship or being given out at a webinar. But I think these guys have lost their minds! No-one gives away 10. What goes around comes around and I guess that they have been paying attention to the comments from some very enthusiastic people who are desperate to join but just can’t front up with the money. So his is what they’re going to do…

In this Forex Mastery webinar, they’re going to GIVE AWAY 6 – 10 “Scholarships” to students who provided great comments on their Video blogs, and who they’ve identified as ‘good candidates’ to receive Forex Mastery.

There’s only one catch to that…

You MUST be present on the webinar to win one of the Scholarships.

So now you have a ‘second chance’ to get your personal copy of Forex Mastery. If you haven’t put in some any comments on the Forex Mastery blogs and you want to be in with a chance for a free Forex Mastery scholarship, better head over there right now and put in something awesome and profound. M3 Navigator Live Trading Video

Judging by the speed at which Forex Mastery sold out,  the additional 190 copies remaining will snapped up in no time. Long before the Forex Trading Room training sessions start early next week.

So what do you “master” with Forex Mastery?

Crucial techniques and strategies for successful Forex Trading, like these:

1. Profitable Strategies for entries and exits

2. Explosive Money Management techniques for wealth building

3. Personal Self-Mastery for trade execution like a professional

4. Proven Mindset techniques used by real traders

5. “Live Trading Room” training sessions archived for everyone

6. … and much, much more

Join the Webinar, and find out why Forex Mastery has become OUFX’s most popular product or service…

I hope you will win Forex Mastery scholarship. Don’t forget to leave a great comment on the video blogs, and register for tomorrow’s webinar!Register for Saturday LIVE Trading Webinar

Technorati Tags: Brett Fogle, Forex Mastery, Forex Mastery Home Study Course, Forex Mastery Scholarships, OU Forex Trader, OUFX

I know I promised this more than a week ago. However writing software can sometimes be a bit of a quagmire. Sometimes a seemingly simple feature turns out to be hard to implement and sometimes during the coding and testing phase you realize there is an even better solution, a solution that often involves throwing out most of the code you’ve just written.

It had been my intention to initially publish a very simple set of live result tables before going to the next step and outputting full live result charts. However after messing around with implementing charting output, it became pretty obvious this was the only way to go. So once finished, you’ll be able to see live result charts for all the robots being tested as well as the MT4 result tables that these charts are generated from.

Is this the end of Forex Robot reviews.? Probably not but with so many Forex EAs for sale online, this is likely to be the quickest way to identify the quality robots from the junk bots and scam bots.

Technorati Tags: forex ea testing, forex forward tests, forex robot review, live testing, live trading charts

Overall I am very impressed and looking forward to more normal trading conditions next week and a good solid perfomance by Gomega GBPJPY.

Technorati Tags: automated forex trading, stop modification, trailing semi parablic stop loss, trainling stop

I was just reading through the Gomega GBPJPY FAQ PDF file which you can download from the sales page. And the following caught my attention.

“If I’m a past client, do I get a discount?“

“If you’re a past FXPP AutoTrader or Gomega AutoTrader client, then you will receive the new Gomega at no additional cost.
If you are a client from any of our other products, you qualify for a discount. Contact us for more details on that at ….”

So my question is, would this policy apply when the new version of Xray becomes available? By that I mean, if you are already a Gomega client at the time that the new version of Xray is released, would you have access to it and at a discount? (Remember of course it may not be released to the general public, but I’m sure it would be available to all new clients.)

While I can’t answer that question myself, it certainly is something to consider and something to ask the Gomega sales about before the doors close on Gomega GBPJPY.

All I can say is that Gomega support is second to none and they are very generous to their clients. When you buy Gomega, it is as if you have joined their family.

So if you were to purchase Gomega GBPJPY, not only would you be getting a fund manager grade automated trading system today, you’d also be getting a foot in the door to priority access on all future software including Gomega Xray.

In my opinion, that is an oppurtunity not to miss out on.

Technorati Tags: gomega discount, gomega faq, GoMega Xray, gomega xray rerelease

If you are on the Gomega VIP announcement list then you would have already received an invitation to attend the Gomega Webinar. Where you’ll be able to participate and ask questions regarding Gomega Pound Yen software and watch live demonstrations of the software in action.

If you are not on Gomega’s VIP announcement list and would like to attend.

1. First click this link to get access to the full details of the Gomega GBPJPY release along with back tests and live trading results.
Gomega GBPJPY Live, Real Money Trading Proof

2. Next click here and register to attend the Gomega Webinar.
http://4year-retirement-plan.com/blog/

Gomega Xray: FXDD $5000, April 21
May 30: Balance: $6980.77 Equity: $8059.24

Forex Conqueror: FXDD $5000, April 24
May 30: Balance: $5491.91 Equity: $5491.91

Forex MegaDroid: Alpari $5000, April 27
May 30: Balance: $5472.97  Equity: $5472.97

Forex GridBot: Alpari $5000, May 17
May 30: Balance: $4168.94  Equity: $4168.94

Gomega GBPJPY: FXDD $5000, May 26
May 30: Balance: $5046.76  Equity: $5046.76

Although Gomega Xray began with a few days lead over Conqueror and MegaDroid, it has outperformed the other EAs by a very large margin.

The results for GridBot were provided by my colleague, as so far my installation of Grdibot has not yet opened any trades. This may be due to some incompatibility issue with the FXDD version of MT4 and the workings of GridBot.

Forex Gridbot has been trading for less than 2 weeks and Gomega GBPJPY less than 1 week, so there is not a lot that can be read into these results so far. What is interesting here is that both Gridbot and Gomega GBPJPY trade on the Pound Yen (Gridbot also trades the USD JPY). It is going to very interesting to compare the performance of these two Expert Advisors over the coming weeks. Although I have a pretty good idea on which one is going to come out on top

Hi Andrew Charles here,
A year ago I was the biggest skeptic of Forex trading and especially automated trading systems. I had to change my tune however when a friend of mine quit his day job after a year of manual trading. He is one of the 5% who can make money trading Forex manually. Even though he continues to be successful, I know I don’t have the right temperament to sit down in front of the computer and trade manually, day in and day out. Manual trading just isn’t for me.

Then six months ago, by chance I met someone who was successfully trading Forex with an automated system. He was so overwhelmingly enthusiastic about his trading software that I just had to see it. It turned out he was trading with Gomega TraderFX Autotrader. Straight off, you good see this was a rather advanced peace of software, with more configurable parameters than you could ever need. To say the interface was complex would be an understatement. The exciting thing was, not only did it work but it transformed an ordinary father of two children into a Gomega evangelist.

There was a catch though! Gomega TraderFX Autotrader was no longer for sale. It had been available for just 3 days and no more. Fortunately my friend contacted me when Gomega Xray was about to be released. I knew I had to get my hands on it and I made sure that I did.

I’ve been testing and getting up close and personal with Gomega Xray for over a month now. And can honestly say that this is a very impressive automated trading system and I’m so impressed with the results that I’ll be taking it to a live money account very soon. Gomega’s interface has been streamlined and the complexity I saw in the original Autotrader FX had been replaced with straight forward, intuitive control. More of the system is now under the hood and out of reach of someone like myself, who would probably break it by fiddling and tweaking it to death. “If its not broken don’t fix it” is something I often need to tell myself. And the performance is way beyond anything I had thought possible. Performing exceptionally well when the markets are trending strongly, as they are right now. And so now I too have become a Gomega evangelist.

So along comes a surprise re release of Gomega Autotrader FX but this time with a twist, its dedicated and optimized to trading the Great British Pound against the Japanese Yen. There are a number of EAs available right now that are specialized in trading this currency pair. Especially as the Pound Yen has become a favorite of many traders, due to its high volatility. This is not some “me too” Pound Yen automated trading software. Judging by the live results from other Gomega users, Gomega Autotrader has been doing exceptionally well on the Pound Yen. But when you see Gomega GBPJPY in action and witness its extreme accuracy at anticipating the current market trend, combined with Gomega’s new ultra smart automated trailing stop modification. It is quite clear, this is a high end “State of the Art”, hands free trading system.

So how does Gomega GBPJPY measure up?

In the brief time I’ve had access to Gomega GBPJPY AutoTrader, I have be very impressed. In fact, I’m certain it’s going to give Gomega Xray some stiff competition in the stakes for the most profitable automated trading software. However I did find a problem!

Even though the complex interface I had seen on the original Gomega Autotrader FX was now streamlined and extremely easy to setup and configure. Even more streamlined than Xray in fact. And even with its newly acquired, smart trailing stop loss feature that can intelligently snap the stop loss up at moments notice, locking in profits, if the market retraced itself. Again this is another feature that is one step ahead of the current version of Gomega Xray. And this is certainly going to make Gomega GBPJPY’s performance even more consistent when compared to the current version of Xray.

So while Gomega Xray may be the Ferrari of automated trading systems, Gomega GBPJPY is more like the Jaguar XJ Super V8 luxury sports car. Solid, dependable and built for reliable, consistent performance as well as for speed.

However there is still one small problem!

How to avoid tinkering with the settings on Gomega GBPJPY and degrading its performance? Just as, if you’re not a skilled mechanic, you shouldn’t even dream of trying to tune up your brand new sports car! As Quantum Research themselves have stated “This software requires you to have the discipline to look toward the long term and not just right now”. What they are referring to is the problem that all Forex traders face. Fear and greed. “Gomega has its own built in strategies and with its own rules and never has to worry about being influenced by fear and greed”. While you are encouraged to let Gomega trade on its own. This is easier said than done, especially if you are new to trading Forex. You are inevitably going to want jump in and mess with the setup, perhaps without having any idea of what you are doing.

So I’ve come up with the solution!

For the first 25 7 serious traders who purchase Gomega through a link on this website.

I will include a copy of what has been described by countless Forex traders as the Forex Bible. I feel with this in your hands, you are far more likely to have the understanding and discipline necessary to leave Gomega GBPJPY to do what it does best. And of course if you later wish to tinker with the settings in Gomega GBPJPY, you can do so with a far better understanding of what you are doing.

Exclusive FREE Bonus When You Buy GOmega XRay Here

Once you have purchased GOmega GBPJPY you probably won’t need to buy another Forex product. EVER!.

It is always nice to offer an exclusive high value bonus to sweeten the deal on any Forex product. But what do you offer on a top of the line, totally automated Expert Advisor that comes with EVERYTHING?

When you buy Gomega GBPJPY, you’ll receive everything you need to get started immediately. From step by step, quick start videos, and direct email personal phone support direct with the developers and their in house GOmega experts. And it doesn’t end there either, they include unlimited support for life. Including free access to their impressive forex trading knowledge base and expertise. Unlimited training, live webinars and free upgrades to all future versions of GOmega GBPJPY. When you buy GOmega it’s as if you’ve joined their family.

So here is what I’m offering. When you buy GOmega Xray from my link.

Exclusive FREE Bonus:

“Trade Your Way to Financial Freedom”
by Van K. Tharp

This title presents the best selling holy grail of trading information – completely up to date to give traders an edge in the marketplace.

“Sound trading advice and lots of ideas you can use to develop your own trading methodology.” – Jack Schwager, author of “Market Wizards” and “The New Market Wizards”.

This trading masterpiece has been fully updated to address all the concerns of today’s market environment. With substantial new material, this second edition features Tharp’s new 17-step trading model. “Trade Your Way to Financial Freedom” also addresses reward to risk multiples, as well as insightful new interviews with top traders, and features updated examples and charts.

Of course if your are already a very knowledgeable trader or just blessed with a lot of self discipline, then you might not need this bonus. However it would still look good on your book shelf, even if you never read it.

So how do you claim your bonus?

First you will need to clear your cookies from you computer and then buy through a link on this page. After your purchase, just send an email to ForexTips (at) ForexRoboTrading.com

And I’ll ship you your copy of “Trade Your Way To Financial Freedom” direct from Amazon Books.

Order GOmega GBPJPY Now

Internet Explorer 8

1. Once your browser is open, click the Tools menu and select Internet Options.
2. Be sure the General tab is selected.
3. Under “Browsing history”, click “Delete…”
4. In the new window, be sure the Temporary Internet Files box is checked. You can uncheck everything else you don’t want to delete.
5. Click Delete.

Internet Explorer 7

1. Once your browser is open, click the Tools menu and select Internet Options.
2. Make sure the General tab is selected.
3. Under “Browsing History” click “Delete”
4. In the new window, click Delete Files in the Temporary Internet Files section. If you want, you can also opt to delete cookies and browsing history.
5. Alternatively, clear your cache for just the current page you’re visiting. Press and hold [Ctrl] on your keyboard, then Press [F5] or click on the Refresh button (square button on the toolbar with opposite-facing arrows).

Internet Explorer 6

1. Once your browser is open, click the Tools menu and select Internet Options.
2. Make sure the General tab is selected.
3. Click Delete Files in the Temporary Internet Files section and click OK.
4. If you want the browser to automatically clear the cache whenever you close it, click the Advanced tab. Click to check the box next to the “Empty Temporary Internet Files folder when browser is closed” option (in the section labeled “Security”). Click OK. This will delete everything except cookies.

Firefox 1.5 / 2.0 / 3.0

1. Below is the full method, although it is possible to simply go to Tools, and select Clear Private Data, or to just press Ctrl+Shift+Delete. Please note that these options clear what you have set the browser to clear in Tools > Options… > Privacy, which can mean the cache, although it may also include passwords, and search and browsing history, so be careful.
2. Go to Tools and select Options….
3. Go to the Privacy tab, and click Settings… (in the blue box in the image).
4. Select what you would like to have cleared.
5. Return to the Options menu. If you want your cache cleared automatically, every time you close the browser, click the appropriate checkbox (shown in red in an earlier image).
6. Press “Clear Now” under the Settings button

Safari

1. Once your browser is open, click the Safari menu and select Empty Cache
2. Confirm the action by clicking Empty in the pop-up window

PS.

What is amazing about Gomega GBPJPY is that it’s been priced at just one fifth of the expected future price of Gomega Xray, that is if Xray is ever released again to the public. And it includes more advanced features than the current version of Gomega Xray. Gomega Xray and Gomega GBPJPY are the 2 best Expert Advisors I’ve ever tested. As to which is going to be more profitable in the long run, it is too early to say. One thing that is certain, they both share the unrivaled support and inherit their features from the thoroughbred pedigree of all Gomega Automated trading systems.

Technorati Tags: gomega bonus, gomega gbpjpy, gomega gbpjpy user, gomega review, truth behind gomega

Gomega Xray was also trading this currency pair and had been in the trade since the week before. And just now Gomega Xray exited its position in the GBPJPY at a profit of $704.52. Leaving it with an account balance of $7686.72 and an equity balance of $8850.

Technorati Tags: GBP JPY, gomega gbpjpy resutls, Gomega Xray Results, pound yen, profits

So how did Gomega GBPJPY perform in the back test? I ran the test across the same time period that we have live results for. Which is from October 5th 2008 through to April 10 2009. Starting with an account size of $5000, the Gomega GBPJPY back test finished with a closing balance of $8174 or a gain of 63%. This compares well to the live results from Gomega clients. Andreas Maeder’s account began live trading on September 2nd 2008 with a starting balance $10,000. And by April 6, 2009, the balance stood at $19,909.24. A gain of 99% for the 7 months. You can see Andreas, from Switzerland, talk about his experience trading with Gomega and the settings he is using. Sean Hummel ran a $5000 demo account over the same period which reached at closing balance of $14,608.67 by April 3rd, that’s a gain of 192%. And Greg Surowiec traded a live money account starting in October 5th, 2005 with $5000, by April 10th it had reached $12,811.01 or a gain of 156%.

Here I’ve taken the back test result chart and superimposed it over the live result charts (Sean, Greg). I’ve color coded the balance curves to make it easier to compare the results. The blue line is the live money account, the green line is the forward demo test and the orange is the back test results.

Technorati Tags: forward test, gomgea gbpjpy back tests, live tests, metatrader, strategy tester

Just thought I’d make a quick video to show Gomega Xray in action. Gomega Xray closed the week with a balance of $6980.77, which is slightly off its high of last week. However just looking at balance is somewhat misleading, as there are many trades that were still open at the close of trading for the week. I believe the more relevant number to look at, is the equity balance, which currently stands at $8059.24. After all, if I were to have manually closed out all the trades then this would be the approximate account balance.

It is unfortunate that the Metatrader platform isn’t able to include the equity balance in it’s detailed report. This, along with the account balance, would give a much better representation of the trading performance.

To illustrate my point I’ve decided to plot onto the chart produced by Metatrader, the equity balance at the end of each week. Each red dot represents the current equity balance at the end of each week. The green line is simply to illustrate an approximate equity balance curve. Of course the only equity balance data I have, is from the detailed reports Metatrader has generated and I’ve only been generating those once per week. It would be nice if there were a plugin for Metatrader that could log the equity balance and produce a nice graph with the click of a button.

You will notice that the red dots are not evenly spaced, this is because Metatrader plots the horizontal axis on a per trade closed scale, not on a unified time scale. So the distance between the 5th and 6th red dot from the left, is just one week. That is the week before last week, which was a very active week for Gomega Xray. It was during that week, that the massive disparity between the account balance and the equity balance became glaringly obvious. While the account balance was in decline for much of the week, the equity balance was flux but generally rising. Which would suggest the equity balance is a fairly good indicator of the future account position. This also makes sense as the equity balance includes the current open trades, many of which are likely to be closing in on their profit targets.

Of course having Gomega Xray trading right in front of you, its easy to see this phenomenon in action. Which is what initially motivated me to make the above video.

Technorati Tags: account balance, equity balance, GoMega Xray, metatrader, profit maximization, profit targets, stop loss, trailing stoploss, win rate

For a full explaination of the indicators shown on the Gomega GBPJPY chart, I recommend watching the very thorough video walk through by Ken Herbert, which is located here Gomega GBPJPY Under the Hood. Although the chart is very detailed and looks rather intimidating, all the complexity of analyzing the various signals, is handled automatically by Gomega GBPJPY. However at the same time, through the indicators on the chart, you have a window on the advanced analysis that is going on in the background. You get the feeling you are looking under the hood of a high performance sports car.

Technorati Tags: forward testing, gomega gbpjpy results, gomega live trading, gomega review, smart stop loss

I’ve been running a forward test on the new Gomega GBPJPY Autotrader. It is setup on a demo account at FXDD with a starting balance of $5000. The configuration is exactly as it was preset by Quantum Research. So far it has entered 2 trades, both of which were buy orders. As trades progress, Gomega GBPJPY intelligently modifies the stop loss, so to lock in the profit on the trade if the market retraces before reaching the profit target.

Gomega GBPJPY trades on the 4 hour time frame and only opens new positions during an 8 hour window every day. This covers the second half of the Asian session through to the first half of the London session. This may appear very restrictive but this has proven to be the most profitable time frame and period for Autotrader to trade the Pound against the Yen.

On the first trade, Gomega GBPJPY adjusted the trailing stop as the price rose. Then when the market retraced, it exited the trade at no profit and no loss.

The second trade followed a similar pattern however the market moved somewhat higher before retracing. Again the trailing stop was triggered and Gomega GBPJPY exited with a small profit.

Gomega GBPJPY is designed to follow a strategy of consistant, steady gains, over the long term. The results of the forward test are so far are very good. Shortly I’ll also begin doing some back tests as well, to get a even better idea about how well Gomega GBPJPY performs.

Quantum research are so confident with the profit potential of Gomega GBPJPY, that they are including a full one year profit guarantee for their clients. Essentially they are guaranteeing that Gomega GBPJPY will at least double your account balance over a one year period, or they will refund the full purchase price of the software. That is an impressive guarantee and just shows how supremely confident Quantum Research are in their automated trading system. You will be able to see the full details of the guarantee on their sales page when Gomega GBPJPY goes live next Monday at midnight. In the mean time, they summarize it in their blog and in their most recent video titled “The Offer, Guarantee & More“.

Quantum certainly appear to have a real wnner here, it is just unfortunate that there is only a 3 day window in which to aquire this software. I’m sure many people will learn of Gomega GBPJPY after the sales period closes. However this is always the case with the Gomega automated trading software. So if you do miss out on this launch, then I highly reccomend you join my mailing list so you don’t miss out next time.

Technorati Tags: GoMega GBPJPY Autotrader, GoMega GBPJPY Forward Testing, gomega video, user review

So what’s wrong with retiring? If you have enough money to enjoy a pleasant lifestyle or at least maintain the standard of living you have become accustomed to. Then retirement is great! Of course for most of us, the thought of retiring is just something in the distant future. Something to store away a little nest egg for, so we can enjoy the golden years of lives.

Wrong! In the current economic environment, retirement may be closer than you think, forced early retirement that is. As for that nest egg you have been working so hard to build up. Let’s not talk about the 401K scandals, housing market crash, credit crunch, stock market collapse, looting of investment funds, trillion dollar bank bailouts with your future tax dollars to reward ivory league white collar (you fill in the blank). To sum it up, the general economic meltdown. And lets not even go into who authorized corporate subsidies to export your job to China.

These are just some of the multitude of reasons why you will probably never be able to retire, fulfill your passions, follow your dreams and enjoy your life. These are all reasons why you end up working to the end of your days to make money for someone else or perhaps worse.

This doesn’t have to be your reality. Your life can and should be different but its up to you to make the difference. So lets talk about why you could retire and enjoy life. And that this could be achieved within just 4 short years.

In all the doom and gloom around us, there is one thing you should know. Money is never destroyed, it simply changes hands. You can exchange your free time for money or you can exchange money and free your time. The biggest money market in the world is the foreign currency exchange market (FOREX). Trillions of dollars in foreign currencies from around the world change hands every business day of the week.

If only there was a way to take part in the Forex market using an automated system, that could profit from price changes in currencies, twenty four hours a day. Well there are many such trading systems that do just that. The best of them can make money consistently over time. One such example of the excellent automated Forex trading system is Gomega GBPJPY.

Gomega GBPJPY is dedicated to trading the Great British Pound Yen, currency pair. This currency pair has been very profitable for many Gomega owners, some of whom have made their live trading accounts available for Quantum Research to publish online. Jonathan and David present a 4 Year Retirement Plan based on the compounding gains possible just by trading on autopilot using Gomega GBPJPY with a opening balance of just $5000. At the current rate of profit, within four years, the balance would be over $1,200,000. Which is why they are calling this the 4 Year Retirement Plan.

Technorati Tags: gbpjpy, gomega autorader, profit factor, risk per trade, stop loss, under the hood

Gomega GPJPY trades the Pound Yen currency pair on the 4 hour time frame. It trades during an eight hour entry window that covers the second part of the Asian trading session and the first part of the London session.

Installation was a breeze, it couldn’t be easier. Simply run the installer, enter your license details and you’re away.

Again I’ve installed this on the Metatrader4 platform I downloaded from  Forex broker, FXDD. However you could run this with any up to date Metatrader4 and any broker of your choice.

The only parameters you need to setup are:
Profit Target: I left this at the default setting of 500 PIPs for my initial forward testing.
Percent of Equity to Risk: I’ve left this at the default setting of 1%.
Modify Initial Stop Loss: Again I left this at the default setting of “True”. This will allow Gomega GPJPY to intelligently modify the stop loss throughout the trades, so it can lock in profits.

All systems are go, and just waiting for the second half of the Asian session to begin and Gomega GPJPY will spring into action. I’ll be posting regular updates. Stay tuned.